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30 Cards in this Set
- Front
- Back
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Expenses that have been incurred but not yet paid.
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Accounts payable:
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Sales that have been made but not collected.
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Accounts receivable:
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Items of value owned by the business
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Assets:
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A financial statement that shows what a business owns, what it owes, and how much it is worth at a particular point in time.
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Balance sheet:
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The point at which the money from product sales equals the costs of making and distributing the product.
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Break-even point:
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Expenses that have been incurred but not yet paid.
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Accounts payable:
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A financial statement that shows the flow of money in and out of the business.
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Cash flow statement:
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Expenses that have been incurred but not yet paid.
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Accounts payable:
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Sales that have been made but not collected.
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Accounts receivable:
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Sales that have been made but not collected.
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Accounts receivable:
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Legal right to exclusive publication, production, sale, or distribution of a literary or artistic work.
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Copyright:
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Items of value owned by the business
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Assets:
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Items of value owned by the business
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Assets:
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The dollar amount a company pays to purchase a product for resale.
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Cost of goods sold:
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A financial statement that shows what a business owns, what it owes, and how much it is worth at a particular point in time.
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Balance sheet:
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Cash or items of monetary value that can easily be converted to cash and that are used up by a business within one year.
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Current assets:
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A financial statement that shows what a business owns, what it owes, and how much it is worth at a particular point in time.
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Balance sheet:
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The point at which the money from product sales equals the costs of making and distributing the product.
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Break-even point:
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Financial obligations that will be repaid within one year
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Current liabilities:
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The point at which the money from product sales equals the costs of making and distributing the product.
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Break-even point:
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A financial statement that shows the flow of money in and out of the business.
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Cash flow statement:
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Legal right to exclusive publication, production, sale, or distribution of a literary or artistic work.
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Copyright:
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A financial statement that shows the flow of money in and out of the business.
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Cash flow statement:
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The dollar amount a company pays to purchase a product for resale.
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Cost of goods sold:
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Cash or items of monetary value that can easily be converted to cash and that are used up by a business within one year.
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Current assets:
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Legal right to exclusive publication, production, sale, or distribution of a literary or artistic work.
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Copyright:
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The dollar amount a company pays to purchase a product for resale.
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Cost of goods sold:
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Financial obligations that will be repaid within one year
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Current liabilities:
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Cash or items of monetary value that can easily be converted to cash and that are used up by a business within one year.
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Current assets:
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Financial obligations that will be repaid within one year
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Current liabilities:
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